Get started
ginfrix

EURJPY Trade Idea (Downward Channel)

Short
Euro / Japanese Yen (FX:EURJPY)  
ginfrix  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Support and Resistance Parallel Channel EURJPY eurjpyshort
1
0
trendanalysis supportandresistance parallelchannel eurjpy eurjpyshort
EURJPY has been in consolidation in 133.700 to 134.000 for some time now and now forming a downward channel.
With no significant economic news release today, we expect price movement to be more on the technical side.
A break in the 133.700 move will be more favorable for our bias.

EURJPY Trade Idea

Sell Entry : 133.870
Stop Loss : 134.070
TP : 133.375
RRR: 2+

Stop loss at price 134.070, a break in this price level will trigger a bullish move for the pair to 135.000 level
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.